PrimeRevenue, a provider of technology-enabled working capital solutions, and IFS Capital entered a partnership designed to address the trade finance needs of large and middle-market companies in Southeast Asia.
ENGS Commercial Finance’s working capital subsidiary, ENGS Commercial Capital, closed and funded a $30 million non-recourse factoring facility for a market technology services company.
PrimeRevenue, a supply chain finance provider, accelerated $10 billion in early payments to suppliers in March as companies worldwide seek access to cash to respond to the economic dislocations resulting from the global COVID-19 pandemic.
PrimeRevenue, a provider of working capital financial technology solutions, released the beta version of its Working Capital Grader, an interactive tool which companies can use to compare their performance to their publicly-traded peers and competitors.
PrimeRevenue announced a strategic partnership with Supplier Success, a Detroit-based company focused on improving supplier cash-flow.
PrimeRevenue named Oliver Belin VP, Receivables Finance. Previously, Belin spent several years setting up and managing several supply chain finance programs for multinational clients in Europe and emerging markets.
PrimeRevenue said it signed a strategic partnership with specialized financier ApexPeak based in Singapore. The new alliance provided new funding sources for trade finance.